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Equities posted modest gains in Sydney, Seoul and Tokyo. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.35 percent to 10,861 as of 7:10 a.m.

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Here Are The Stocks To Watch Out For In Today’s Trade

Max India approved the divestment of entire stake of 51 percent in Max Bupa Health Insurance to True North Fund for Rs 511 crore. The proposed transaction has valued Max Bupa at an enterprise value of Rs 1001 crore. Transaction is subject to approval from both parties, IRDAI and shareholders of the company.

The Reserve Bank of India removed Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action Framework subject to certain conditions. Allahabad Bank and Corporation Bank apprised RBI of structural and systemic improvements while Dhanlaxmi Bank found to not be breaching any risk threshold under PCA framework. (Source: RBI)

ONGC’s foreign arm, along with its joint venture partners of Mozambique Project, has entered into a long term LNG Sale and Purchase Agreement with four international players and BPCL arm. The company says these deals will take the long-term sales to more than 9.5 MMTPA of Liquified Natural Gas.

Fitch affirmed JSW Steel’s long-term issuer default rating at ‘BB’ with a stable outlook. The affirmation follows an improvement in the company’s Ebitda and leverage in the first nine months of the financial year 2019. (Bloomberg News)

Reliance Industries clarified on the news that company is a front-runner to take over Garden Vareli Brand as merely speculation in the media space.

CG Power and Industrial Solutions clarified on the news of promoters in talks to selling their stake that they are just rumors and the company has no information on the aforementioned issue.

MRF said that the strike has been called off in its Chennai plant. The company had stated that a large number of workmen had gone on a strike with effect from Feb. 9 and the strike was of illegal in nature.

Unichem Lab said it will appeal against General Court’s judgement before the European Court of Justice stating that company did not conclude an anti-competitive settlement agreement with Servier. In July 2014 the commission had imposed a fine of 14 million euros.

Time Technoplast entered into an agreement with Confidence Group to retail blast proof LPG cylinders.

HDFC AMC board approved interim dividend of Rs 12 per share.

NALCO said it will consider payment of interim dividend for financial year 2019 on March 1. The record date has been fixed at March 12.

MCX recommended PS Reddy as CMD of the exchange. He will take the place of Mrugank Paranjape who will not continue his second term as the CMD of MCX and the appointment will be effective subjected to approval from the SEBI.

IDBI Bank board appointed Hemant Bhargava as non-executive, non-wholetime chairman of the bank for a period of three years or till he continues as the CMD of LIC.

S Chand and Company acquired remaining 26 percent stake in Chhaya Prakashani for Rs 64.24 crore. In December 2016 the company had acquired 74 percent stake in the aforementioned target company for Rs 170 crore. The company said that the rational for this investment is to expand its presence in Eastern India.

Panacea Biotech board approved a one-time settlement with consortium of lenders and raising Rs 864 crore via NCDs. The company also announced that it will demerge its real estate operations.

GMR Infra arm became the highest bidder for Greenfield Airport at Bhogapuram in Andhra Pradesh on a private-public partnership basis. The initial capacity of the airport will be to operate for six million passengers per annum with the initial investment pegged at Rs 2,300 crore.